New Zealand's net primary income (net income from abroad) (current US$) was −US$7.06 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 12.96% from −US$8.11 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$7.06 billion | 2024 |
| Five years earlier | −US$5.43 billion | 2019 |
| Ten years earlier | −US$8.11 billion | 2014 |
| Highest | −US$98.1 million | 1971 |
| Lowest | −US$9.78 billion | 2007 |
| Average since 2015 | −US$6.72 billion | 2015–2024 |
| First recorded | −US$98.1 million |
What the numbers say
In 2024, New Zealand's net primary income (net income from abroad) (current US$) rose US$472.56 million on 2023 (from −US$7.53 billion to −US$7.06 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$138.77 million and a typical year strayed about US$1.55 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$4.69 billion in 2009 and the biggest yearly fall was US$2.7 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, New Zealand had the 33rd highest value of the 39 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to New Zealand in the 2024 ranking
- Spain — 30th of 39: −US$4.35 billion
- Slovak Republic — 31st of 39: −US$4.58 billion
- Oman — 32nd of 39: −US$6.17 billion
- Greece — 34th of 39: −US$7.29 billion
- United States — 35th of 39: −US$8.27 billion
- Czechia — 36th of 39: −US$11.1 billion
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 54 values
| Year | Net primary income (net income from abroad) (current US$) |
|---|---|
| 2024 | -7,059,215,138 |
| 2023 | -7,531,779,011 |
| 2022 | -8,255,856,960 |
| 2021 | -6,900,551,705 |
| 2020 | -4,200,230,212 |
| 2019 | -5,432,594,911 |
| 2018 | -7,781,999,758 |
| 2017 | -7,871,205,348 |
| 2016 | -6,178,103,409 |
| 2015 | -5,956,170,784 |
Net primary income (net income from abroad) (current US$) in nearby economies
- Australia — −US$50.06 billion (2025)
- Brunei Darussalam — US$486.5 million (2025)
- Cambodia — −US$903.62 million (2025)
- China — −US$113.76 billion (2025)
- Fiji — −US$370.5 million (2025)
- French Polynesia — US$690.15 million (2024)
- Hong Kong SAR, China — US$42.89 billion (2025)
- Indonesia — −US$38.45 billion (2025)
- Japan — US$255.03 billion (2024)
More economic policy & debt data for New Zealand
- Total reserves, including gold (current US$) — US$28.15 billion (2025)
- Total reserves, excluding gold (current US$) — US$28.15 billion (2025)
- GDP (current US$) — US$264.06 billion (2025)
- GDP (current LCU) — 449.8 billion (2025)
- GDP (constant 2015 US$) — US$220.1 billion (2025)
- GDP (constant LCU) — 359.52 billion (2025)
- GDP per capita (current US$) — US$49,591 (2025)
- GDP per capita (current LCU) — 84,475 (2025)
- GDP per capita (constant 2015 US$) — US$41,336 (2025)
- GDP per capita (constant LCU) — 67,519 (2025)
Reading data like this
Questions people ask
- What is New Zealand's net primary income (net income from abroad) (current US$)?
- −US$7.06 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is down 7,096% from −US$98.1 million in 1971. The highest value was −US$98.1 million in 1971 and the lowest −US$9.78 billion in 2007.
- How does New Zealand rank?
- 33rd highest of 39 economies with data for 2024.
- Is the latest change in net primary income (net income from abroad) (current US$) unusual for New Zealand?
- In 2024, New Zealand's net primary income (net income from abroad) (current US$) rose US$472.56 million on 2023 (from −US$7.53 billion to −US$7.06 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$138.77 million and a typical year strayed about US$1.55 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GSR.NFCY.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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